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Oct 30, 2012
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u.s. back to full schedule next week. in the meantime, sandy is no longer a hurricane by name, but still making a major impact. storm made landfall monday night along new jersey east koer. still packing hurricane force sandy is expected to weaken, but the rain could linger. already at least ten deaths have been blamed on the storm. u.s. markets will be closed for a second day today. still electronic trading. the last time by the way the new york stock exchange was closed for more than a day because of weather, 1888. when a snowstorm piled up to 40-foot drifts. u.s. refineries had to shut nearly all the east coast fuel supplies ahead of sandy and they'll begin assessing damage today. three of the key six refineries shut down. analysts estimate sandy could cost between $5 billion and $10 billion in ensured losses. it would be the fifth costliest hurricane in u.s. history. sandy could cause more wind and flood damage than hurricane irene did last year. new york city and especially lower manha
u.s. back to full schedule next week. in the meantime, sandy is no longer a hurricane by name, but still making a major impact. storm made landfall monday night along new jersey east koer. still packing hurricane force sandy is expected to weaken, but the rain could linger. already at least ten deaths have been blamed on the storm. u.s. markets will be closed for a second day today. still electronic trading. the last time by the way the new york stock exchange was closed for more than a day...
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Oct 10, 2012
10/12
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what's the next major obstacle for the u.s. economy? i just finished harry dent's book and he thinks deflation is the next bugga boo. >> that's the big struggle. i mean, i think you look at bears. the bears are still split between those thinking we will have a deflation ary outcome and the inflation ary outcome. there is risk that velocity does not pick up and we end up going through a horrible deflation. velocity could pick up and he is going to do everything he can to try to get inflation going and then maybe it does lead to hyperinflation. i wish i was that smart. that is why i love gold because gold does well in deflation and inflation circumstances. >> we will leave it there. always good to see you. david tice of tice capital. >> let's touch on this news. s&p downgrading spain with an outlook of negative. it looks like a one notch downgrade. we are waiting for the moody's assessment of spain and the banks to come out. that was the one that was widely anticipated. >> i think people were disappointed by the stress test and the amount
what's the next major obstacle for the u.s. economy? i just finished harry dent's book and he thinks deflation is the next bugga boo. >> that's the big struggle. i mean, i think you look at bears. the bears are still split between those thinking we will have a deflation ary outcome and the inflation ary outcome. there is risk that velocity does not pick up and we end up going through a horrible deflation. velocity could pick up and he is going to do everything he can to try to get...
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Oct 29, 2012
10/12
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for our u.s. viewers, the show will be on just one hour this week because europes has gone off daylight savings time, so we're just four hours ahead now of new york time. hurricane sandy is also still several hours away from make landfall, but the impact of the storm is already being felt. transportation has ground to a halt as new york and other major eastern cities have shut down mass transit, airlines canceling flights and in new york city, mayor bloomberg has ordered the evacuation of some 375,000 people from low lying areas. the new york stock exchange and nymex are in that evacuation zone and are affected today. those markets plus the nasdaq and cboe will be closed today and possibly tomorrow. cme says it may not reopen to tuesday's session. exchanges, brokers and regulators are worried about integrity of markets and cooperate ensure the safety of the employees on site. the last time the u.s. financial markets were closed for a nonholiday event was after 9/11. the last time the new york stoc
for our u.s. viewers, the show will be on just one hour this week because europes has gone off daylight savings time, so we're just four hours ahead now of new york time. hurricane sandy is also still several hours away from make landfall, but the impact of the storm is already being felt. transportation has ground to a halt as new york and other major eastern cities have shut down mass transit, airlines canceling flights and in new york city, mayor bloomberg has ordered the evacuation of some...
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Oct 31, 2012
10/12
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the u.s. financial markets, as we mentioned, will reopen today. the u.s. stock exchange says they didn't suffer any damage. goldman sachs will open its headquarters in lower manhattan, though it is still running on generator power. b of a will keep their offices closed, and citigroup says its office in lower manhattan sustained extensive flooding. joining us for a firsthand look at the damage from new york is scott cohn. i know it's still dark around you, but what kind of damage are we seeing? >> well, kelly, a lot of what you just outlined s the reason that this is -- that this city is barely struggling to its feet a . it's going to be interesting to see how that works. lower manhattan suffered an extensive historic flood from the storm surge, the new york harbor, the hudson that inundated the lower part of the island. as a result, a lot of the underground infrastructure that makes this city work and gets people to work is simply useless and it's going to be that way for sometime. we're told that we may get some updated on timetables possibly today. but a
the u.s. financial markets, as we mentioned, will reopen today. the u.s. stock exchange says they didn't suffer any damage. goldman sachs will open its headquarters in lower manhattan, though it is still running on generator power. b of a will keep their offices closed, and citigroup says its office in lower manhattan sustained extensive flooding. joining us for a firsthand look at the damage from new york is scott cohn. i know it's still dark around you, but what kind of damage are we seeing?...
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Oct 17, 2012
10/12
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u.s. bankcorp ceo on his company's earnings. >>> and trouble ahead? s&p's chief economist tells us about three big risks looming on the economic horizon and why there's no room for error. find out what they are ahead on the "closing bell." for [ male announcer ] it's a license to drive. but to you, it's a leap of faith. it means letting go... and learning to trust. ♪ all across america, thousands of teens showed state farm what it means to them. ♪ at a national event that gives new drivers the knowledge they need to take the wheel. we call it celebrate my drive. you might call it peace of mind. learn more at celebratemydrive.com. sleep train's best rest event is ending soon. don't miss your chance to get sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. and rest even better with sleep train's risk-free 100-day money back guarantee. but the best rest event ends so
u.s. bankcorp ceo on his company's earnings. >>> and trouble ahead? s&p's chief economist tells us about three big risks looming on the economic horizon and why there's no room for error. find out what they are ahead on the "closing bell." for [ male announcer ] it's a license to drive. but to you, it's a leap of faith. it means letting go... and learning to trust. ♪ all across america, thousands of teens showed state farm what it means to them. ♪ at a national event...
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Oct 18, 2012
10/12
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same findings as the epa and u.s. department of energy. >> let's talk about the advantages of owning spectra. you have had a very good record of dividend growth. >> right. >> that's one of the reasons why we like stocks like spectra. >> right. >> can you continue to deliver that? even though you do have some commodity exposure and we do know that some of the natural gas pricing has been tough for you. >> yeah, about 20% of the business is commodity exposed so that will make earnings go up and down. but we generate a lot of sxash we've said we'll grow the dividend at least 8 cents a year for the foreseeable future. you never know, maybe we can do a little better than that but we'll keep working that. the way pipeline business works is you build projects over two, three years so, earnings grow, then you may flatten a little bit, they plateau and then you grow, but you keep generating that cash, which allows you to give investors a return through dividends and/or eps growth. >> we're investing in america, which means we'
same findings as the epa and u.s. department of energy. >> let's talk about the advantages of owning spectra. you have had a very good record of dividend growth. >> right. >> that's one of the reasons why we like stocks like spectra. >> right. >> can you continue to deliver that? even though you do have some commodity exposure and we do know that some of the natural gas pricing has been tough for you. >> yeah, about 20% of the business is commodity exposed so...
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Oct 9, 2012
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it's about the u.s. becoming independent. at the same time, the mlps are giving our clients a really good income flow as well as exposure to that growth. >> so you are 45 to 50% equities. you also like equity-like assets like mlps. talk to us a want what a po portfolio should look like going into year end. >> roughly we're about 45 to 50% equities. >> what's the rest of the 50%? >> the other 50% is about 5% in fixed income. some of our clients do need income, so it's munis. we're also looking for other things for income like emerging market debt and high-yield bonds. the rest is in things like long/short equity hedge funds as well as commodities. >> very good. bill, i'll get your thoughts on that coming up in the countdown. >> thanks so much. >> mary thompson is at the news desk. what do you have for us? >> capital one is the latest bank to be the subject of one of those denial of service attacks. the company saying its online systems are experiencing some problems. it is working to resolve those problems as soon as possible.
it's about the u.s. becoming independent. at the same time, the mlps are giving our clients a really good income flow as well as exposure to that growth. >> so you are 45 to 50% equities. you also like equity-like assets like mlps. talk to us a want what a po portfolio should look like going into year end. >> roughly we're about 45 to 50% equities. >> what's the rest of the 50%? >> the other 50% is about 5% in fixed income. some of our clients do need income, so it's...
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Oct 31, 2012
10/12
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i think the u.s. has enough to carry europe through this soft spot. ford is a play on housing as housing picks up more ford pickup trucks. the setup -- >> i'm sure there are a lot of viewers thinking why does it look better -- we got results and we're very, very strong. was it so outside compared to what we knew last week that it justifies buying it 7% higher. >> great. when i said that, it was more on a technical plane. when it was getting up to 10.5 and falling off through 11 it looks like it dps higher. >> the moment you've been waiting for. our pent-up trade of the day. you haven't had one for almost a week. ennis tanner, you have the honors. >> the trade is short cmi. off the back of ford -- >> they're clapping for you. >> the report speaks to the reason i like the short cmi trade. it made operating margins, negative in europe, 1% in asia and went from a 9 percent to 0% in brazil. come into 60% international. the international sales trends are very poor. they've announced for two straight quarters. based on what we're seeing from other industrial
i think the u.s. has enough to carry europe through this soft spot. ford is a play on housing as housing picks up more ford pickup trucks. the setup -- >> i'm sure there are a lot of viewers thinking why does it look better -- we got results and we're very, very strong. was it so outside compared to what we knew last week that it justifies buying it 7% higher. >> great. when i said that, it was more on a technical plane. when it was getting up to 10.5 and falling off through 11 it...
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Oct 31, 2012
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and three u.s. navy helicopter carrier ships have been dispatched to the new york area to help with recovery efforts. 20,000 people, including one of our producers, remains stranded in hoboken due to massive flooding there. this is just the latest video from that town. it's just west of new york city, home to many people who work on wall street. at one time, the former governor of this state, jon corzine and the quarterback of the new york giants, eli manning, they lived there. on a good day, this is five minutes from manhattan. this is not one of the good days. >>> mass transit still pretty much paralyzed in the new york area. looking at video now of the south ferry station. that is not far from wall street. if you've been down in to the toe of manhattan there, you've probably ridden on that line to go to the new york stock exchange. new york governor mario cuomo said a few moments ago that -- andrew cuomo -- excuse me -- that there will be limited subway service tomorrow. we hope to get more infor
and three u.s. navy helicopter carrier ships have been dispatched to the new york area to help with recovery efforts. 20,000 people, including one of our producers, remains stranded in hoboken due to massive flooding there. this is just the latest video from that town. it's just west of new york city, home to many people who work on wall street. at one time, the former governor of this state, jon corzine and the quarterback of the new york giants, eli manning, they lived there. on a good day,...
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Oct 30, 2012
10/12
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we talk u.s. politics next. >>> barack obama and mitt romney have suspended cam been appearances, but what swing states will they swing by once the storm has passed in ron freeman joins us now. ron, first up before we talk about the resumption on the campaign trail, let's talk about the possible reaction. because there are so many different ways to see this whether obama looks presidential, whether he makes a policy misstep to his reaction to the store, whether the early voting has been impacted. who will benefit from this and does it have an impact of swinging the election outcome? >> there's certainly an ill wind, but fortunately for obama, it's affecting mainly states in which his majority is just about assured. new york is a very strong democratic state. obama has new york in his pocket. i think it's also true for most of the eastern seaboard. it's the center of the united states where most of the problems are. the only real swing state on the eastern seaboard that's affected by the storm is v
we talk u.s. politics next. >>> barack obama and mitt romney have suspended cam been appearances, but what swing states will they swing by once the storm has passed in ron freeman joins us now. ron, first up before we talk about the resumption on the campaign trail, let's talk about the possible reaction. because there are so many different ways to see this whether obama looks presidential, whether he makes a policy misstep to his reaction to the store, whether the early voting has...
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Oct 31, 2012
10/12
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we'll find out, maria talks with the head of direct edge, which handles 10% of u.s. stock volumes that will be coming up next hour of "closing bell." stick around. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> welcome back. the major exchanges open for trading today but will their storm related closures affect the performance of their shares? they're both publicly traded companies. we'll talk numbers today on that, on the technical side carter worth, chief market technician at oppenheimer and steve cortez with veracruz in chicago. steve, can you quantify how much money was lost due to the closure the last couple of exchanges, days of trading. we're talking about nyse, the new york stock exchange and nasdaq omx. >> bill i don't think anybody's ready to
we'll find out, maria talks with the head of direct edge, which handles 10% of u.s. stock volumes that will be coming up next hour of "closing bell." stick around. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying...
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Oct 31, 2012
10/12
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the u.s. divisions, including the department of justice and the s.e.c. he's been following it. i was looking tecum net interest in business banking, world and investment banking. to me, this would seem to support it because this is where apparently barclays is focusing its attention, and yet there's no growth in this area. what are the takeaway messages here? >> the takeaway message is going to take time. not going to be turned around over the course of two or three quarters. it does take a lot of time. takes branding, takes marketing. i think investors are maybe showing a little patience with that. obviously you heard about the department of justice and the s.e.c. about how they retain clients. that was unexpected. not sure how much of an impact that could have. but in the short term, it's going to knock some wind off the sails, so to speak. the numbers are in line, actually. they did get propped up from the investment banking side of things. but from a quarterly perspective, investors' banki
the u.s. divisions, including the department of justice and the s.e.c. he's been following it. i was looking tecum net interest in business banking, world and investment banking. to me, this would seem to support it because this is where apparently barclays is focusing its attention, and yet there's no growth in this area. what are the takeaway messages here? >> the takeaway message is going to take time. not going to be turned around over the course of two or three quarters. it does take...
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Oct 15, 2012
10/12
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>> consumer spending is 70% of u.s. gdp and the luxury good segment is projected to continue to grow, albeit at a lower space. it is the third straight double digit increase for luxury goods though the rate of growth has slowed for that time period. accessories are winning increased consumer attention around the world and for the first time leather goods and shoes hold the largest percentage of the luxury market. one of the companies benefiting lbmh reporting record revenues for the first nine months of 2012. the wolrld's leading luxury company remains confident in its outlook. while europe is still the region drawing the highest revenue for luxury, according to bain its growth is forecast to be half what it was last year as the region lirmps through the debt crisis. bain projects luxury sales in asia pacific will outpace the rest of the world by 18%. 1 in 4 luxury goods purchased is by asians. >>> sprint reaching a $20 billion deal to sell of half of itself to softbank. that move will now give sprint more firepower to
>> consumer spending is 70% of u.s. gdp and the luxury good segment is projected to continue to grow, albeit at a lower space. it is the third straight double digit increase for luxury goods though the rate of growth has slowed for that time period. accessories are winning increased consumer attention around the world and for the first time leather goods and shoes hold the largest percentage of the luxury market. one of the companies benefiting lbmh reporting record revenues for the first...
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Oct 31, 2012
10/12
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that extends pretty broadly across the u.s. it's not only in the nonresidential construction area, having moved from the sort of industrial side of nonresidential construction into the commercial, as you noted. also we're seeing this uptick in residential construction. it's not a breakaway, but clearly we think we're on our way back to 1.5 million housing, that seems to be the sustainable number. that's a couple years out from where we are today. but family formation would support about that type of activity. so we still see real activity supporting this electrical business we have. >> it's a high note, and i feel like that is exactly how i should be thinking about the new eaton, which is a tremendous combination right for this time. sandy cutler, thank you for coming on the show. >>> the stock goes up, too. why does it go up too? because it's better than expected and the combination of eaton and cooper is very powerful. yes, the hurricane, tragic as it is, someone is going to have to provide the equipment for that power grid.
that extends pretty broadly across the u.s. it's not only in the nonresidential construction area, having moved from the sort of industrial side of nonresidential construction into the commercial, as you noted. also we're seeing this uptick in residential construction. it's not a breakaway, but clearly we think we're on our way back to 1.5 million housing, that seems to be the sustainable number. that's a couple years out from where we are today. but family formation would support about that...
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Oct 31, 2012
10/12
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i can tell you our u.s. ops, nearly 15,000 people and nearly 7,000 vehicles are out delivering to the areas we can. so we are restarting very rapidly today. >> a lot of people in the retail industry trying to gauge the folk. one analyst has pointed out the timing here with sandy is not as critical as it was with irene. we know your but just day is coming up early to mid-december. how much -- how would you characterize the impact of sandy because of the timing of the storm? >> well, so let's talk about planning for sandy, really, carl. we've been watching this for well over a week. we made sure all our equipment and people were safe in advance of that. so we have protected the large majority of our assets there. and really what we are focused on is getting back to normalcy. one of the sure signs of normalcy is that fedex ground freight or fedex express truck driver down the street deliver packaging. we're excited to be delivering and picking up boxes. >> what happened to the people who paid for delivery on mo
i can tell you our u.s. ops, nearly 15,000 people and nearly 7,000 vehicles are out delivering to the areas we can. so we are restarting very rapidly today. >> a lot of people in the retail industry trying to gauge the folk. one analyst has pointed out the timing here with sandy is not as critical as it was with irene. we know your but just day is coming up early to mid-december. how much -- how would you characterize the impact of sandy because of the timing of the storm? >> well,...
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Oct 29, 2012
10/12
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but there are other ports along the u.s. as well that have decided to shut down their operations, too. most notably the port of new york and new jersey. as you mentioned, there are very dangerous conditions there. then the port of delaware bay which clouds the port of wilmington as well as philadelphia. those two ports, philadelphia or -- three ports. wilmington, philadelphia, new york and new jersey are very important for the refiners that you were just talking about. the reason being is that most of the imports of crude that they need come in through those two ports. given that they have been ramping down their operations, they won't be needing it in the near future. but certainly this disrupts the flow of goods in and out of this country for a couple of days. and so they are monitoring the situation like other industries. once it is clear, of course they will resume them. nevertheless, they are concerned, keeping all non-essential personnel out and just having basically a skeleton crew there to keep these ports not operat
but there are other ports along the u.s. as well that have decided to shut down their operations, too. most notably the port of new york and new jersey. as you mentioned, there are very dangerous conditions there. then the port of delaware bay which clouds the port of wilmington as well as philadelphia. those two ports, philadelphia or -- three ports. wilmington, philadelphia, new york and new jersey are very important for the refiners that you were just talking about. the reason being is that...
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Oct 31, 2012
10/12
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worries about the global economy and what it is doing to u.s. companies with exposure there. yum!s of the world. >> there is a tremendous amount going on. i do get this sense out there, maybe there is a consensus that it is going to work because the changeover. >> steve leisman has some breaking news. >>> thanks, scott. adp has released new september numbers for its report on the private sector. based on the new methodology that's coming out, they moved from macro economic advisors to moody's and mark zandi over there now contemplating the adp number. they say under the new methodology the new september number would have been 88,200 compared to the 162,000 reported under the old model. they will revise that september number again tomorrow with the first live release of the october employment under the new methodology. the ad 82,500 is the number if they reported september numbers in early october. they'll revise that again tomorrow along with a fresh number. mark zandi says it is just a methodology, there were differences in trade, transportation, personal services, as well as dif
worries about the global economy and what it is doing to u.s. companies with exposure there. yum!s of the world. >> there is a tremendous amount going on. i do get this sense out there, maybe there is a consensus that it is going to work because the changeover. >> steve leisman has some breaking news. >>> thanks, scott. adp has released new september numbers for its report on the private sector. based on the new methodology that's coming out, they moved from macro economic...
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Oct 26, 2012
10/12
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yesterday chief executives of more than 80 big u.s. corporations joined forces, urging congress to make a deal to reduce the country's $16 trillion debt and the annual trillion dollar plus deficit. in a rare show of unity, companies as diversified as goldman sachs and cisco, boeing, aetna and many others are ringing in the alarm bells. and it's not in a partisan way. they want to make sure we are also making much-needed and sensible spending cuts. and above all, we cannot go over the fiscal cliff. the cuts and tax reform must be thought out and effective. not blunt and damaging. but isn't the it interesting that it's business that is pressing congress to act? they say it is urgent to put a plan in place to cut america's debt load. in the here and know, the uncertainty about tax rates and government contracts is throwing a monkey wrench in their budget plans for 2013. in the long term, these leaders of business all know that a trillion dollar annual deficit piled on to an already unimaginable debt is simply not sustainable. this group r
yesterday chief executives of more than 80 big u.s. corporations joined forces, urging congress to make a deal to reduce the country's $16 trillion debt and the annual trillion dollar plus deficit. in a rare show of unity, companies as diversified as goldman sachs and cisco, boeing, aetna and many others are ringing in the alarm bells. and it's not in a partisan way. they want to make sure we are also making much-needed and sensible spending cuts. and above all, we cannot go over the fiscal...
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Oct 29, 2012
10/12
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that's one reason they closed the port of baltimore which means a lot of the u.s. coal exported or sent out from that port is not going anywhere for at least a day, possibly two days. and foreign cars coming into the port, not moving anywhere. similar situations happening up and down the east coast. the port of new york and new jersey, the third largest in the country, also shutting down its operations because of the severe weather, as well as port of philadelphia and port of wilmington, part of the port of delaware. an area that imports a majority of crude oil into the east coast used by refineries. the refineries don't have use for crude oil because many are running at reduced run rates. from a rainy baltimore, back to you. >> thank you very much, mary. >> brian shactman on long island due east of manhattan where many residents have evacuated. what's the latest there? >> reporter: i came out here just to give people an impression of what's going on. i lean a little -- why i have the kareem abdul-jabbar -- 60-mile-an-hour wind with sand coming at my face. it's pai
that's one reason they closed the port of baltimore which means a lot of the u.s. coal exported or sent out from that port is not going anywhere for at least a day, possibly two days. and foreign cars coming into the port, not moving anywhere. similar situations happening up and down the east coast. the port of new york and new jersey, the third largest in the country, also shutting down its operations because of the severe weather, as well as port of philadelphia and port of wilmington, part...
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Oct 9, 2012
10/12
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one, that most u.s. companies don't have much of a toehold in china to begin with is sobering, isn't it? and two, that we aren't an industrial company anymore. we can talk a big game and worry about china, but we always bounce back. and we bounce back quite quickly because it means so little to the vast majority of our companies. we have taken it back in style. if we leave out this newfound international relevance, kick the can strategy. okay. let's do a random thing. hey, get back in here. you belong in here. just look at the s&p 500's biggest gainers today, try to cross reference them with europe or china. try to do it. first netflix, up, morgan stanley. finds out it's not going to destroy them and then courtesy of brazilian spending u.s. consumer. carmax, up 2.67, 9%. the domestic auto market is up boomtime. ford and gm are hostage overseas. but carmax deliciously all american. when cliff's national resources, iron ore play. up the $2.20. 5%. huh? any bad news this china is only on hopes of rate cuts.
one, that most u.s. companies don't have much of a toehold in china to begin with is sobering, isn't it? and two, that we aren't an industrial company anymore. we can talk a big game and worry about china, but we always bounce back. and we bounce back quite quickly because it means so little to the vast majority of our companies. we have taken it back in style. if we leave out this newfound international relevance, kick the can strategy. okay. let's do a random thing. hey, get back in here. you...
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Oct 30, 2012
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>> with the large retailers in the u.s. will cvs caremark be hurt or helped? >> i think there's going to be a one-day and two-day. the fist day we'll say wait a second. i mean, initial and second. initial, they lost this number of days so numbers have to come down. then we're going to see how much merchandise they sold, what they really did and whether the fact is they were ready to replace, if they can replace all that was sold and then maybe people will say you know what, things are good. and then there's this other level, which is, you come in, you stock up and you buy things you didn't expect to buy. that's what the former ceo of costco talked about today. i think it could be happening have cvs. i think the stock is fine. not great, not bad, just fine. let's go to illinois. >> caller: boo-yeah. >> boo-yeah. >> caller: i wanted to ask you about walmart or costco. >> walmart's chart is pretty amazing, i've got to tell you. pulled back ever so slightly. costco is down nine straight points. i'm actually leaning towards costco. i think on a trade basis, it bott
>> with the large retailers in the u.s. will cvs caremark be hurt or helped? >> i think there's going to be a one-day and two-day. the fist day we'll say wait a second. i mean, initial and second. initial, they lost this number of days so numbers have to come down. then we're going to see how much merchandise they sold, what they really did and whether the fact is they were ready to replace, if they can replace all that was sold and then maybe people will say you know what, things...
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Oct 30, 2012
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you're taking out a good chunk of the u.s. for the last three days of the month. ford does believe they're going to be able to make up sales over the next couple months. you know how this goes, guys. you lose sales in the inclement weather events or extreme weather events, you hope to make them up in the months to come. it's hard to tell if you always do. >> phil, thanks for that. with the earnings news out of ford, there will likely be pent up energy behind that name. what's the best move tomorrow on this pent up ford trade? mike, where do you go here on the autos? >> yeah, you know, other than what's going on in europe, i rather like ford. i think they have a very good array of new cars coming out. i think that's a positive. consumers obviously demonstrated this high fleet age has gotten high enough and they've been buying cars though businesses haven't been investing as aggressively. the consumer seems to be supporting at least domestic sales and have a good offering. one thing i would say, though, at some point you're going to see the incongruity converge. you
you're taking out a good chunk of the u.s. for the last three days of the month. ford does believe they're going to be able to make up sales over the next couple months. you know how this goes, guys. you lose sales in the inclement weather events or extreme weather events, you hope to make them up in the months to come. it's hard to tell if you always do. >> phil, thanks for that. with the earnings news out of ford, there will likely be pent up energy behind that name. what's the best...
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Oct 30, 2012
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transit systems are still shut down, and the u.s. financial markets are dark for a second straight day, the first time since the 1800s that weather has closed the new york stock exchange for two days in a row. for the latest on the storm, let's turn to cnbc's mandy drury. mandy? >> yeah, thanks a lot for that, scott. let me take a look at some of the stats. a short time ago new york city mayor bloomberg came out with the very latest damage assessment from sandy. >> we're here to update you on hurricane sandy which has now officially left the new york city area, but i think it's fair to say that the path of destruction that she left in her wake is going to be felt for quite some time. >> well, sandy has left, scott, at least 18 people dead. 10 of them are in new york. 23 fires across new york as well. massive flooding and widespread power outages for over 8 million people across the northeast. mayor bloomberg also says the damage to the area was extensive and will not be fixed overnight. as for the public transportation system in new
transit systems are still shut down, and the u.s. financial markets are dark for a second straight day, the first time since the 1800s that weather has closed the new york stock exchange for two days in a row. for the latest on the storm, let's turn to cnbc's mandy drury. mandy? >> yeah, thanks a lot for that, scott. let me take a look at some of the stats. a short time ago new york city mayor bloomberg came out with the very latest damage assessment from sandy. >> we're here to...
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Oct 29, 2012
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we're already -- have a lot of refineries in the u.s. are already -- we're already running at reduced capacity for gasoline as we're changing seasons, as that trade wasn't really profitable for them because the demand has been so poor. you add to that the potential for pipelines, long distance pipelines like the colonial pipeline, the buckeye pipeline, that bring refined products from the gulf coast, from the midwest up into the northeast, if we lose a lot of electricity and pumping stations along those pipelines are down for an extended period of time, you know, that really could cause some short-term pinches in supply at local -- at certain localities. and certainly could really turn around prices that have been really getting a lot softer for consumers lately. >> just when you thought because crude prices have been coming down that consumers were going to catch a break, maybe not. addison, thanks. >> my pleasure. >> addison armstrong. >>> mike murphy, have a trade here? >> i do, scott. i think one of the ways to play this, as you see
we're already -- have a lot of refineries in the u.s. are already -- we're already running at reduced capacity for gasoline as we're changing seasons, as that trade wasn't really profitable for them because the demand has been so poor. you add to that the potential for pipelines, long distance pipelines like the colonial pipeline, the buckeye pipeline, that bring refined products from the gulf coast, from the midwest up into the northeast, if we lose a lot of electricity and pumping stations...
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Oct 29, 2012
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of course, u.s. markets are closed through at least tuesday. we know that for a fact. there is an effort to reopen on wednesday but it's really what we see. what is the reality that will happen and what does four days of no trading in the united states mean for investors? bob pisani is with me along with cnbc contributor of "destination wealth management" and aaron hodges. what do you think the impact will be when trading does resume? you've got to believe certain people sitting on positions, either wanted to unload those positions or get new ones? what would you expect wednesday if, in fact, trading does resume? >> well, you know, it's interesting. one would think there would be this pent-up demand to trade. but i think given the fact that there's going to be such outages and so much disruption on the east coast, i expect volume to be pretty light. if volume is pretty light and we have companies actually beginning to report their earnings, which many today and tomorrow will be reporting wednesday, thursday, friday, you could actually see -- not so much from the storm,
of course, u.s. markets are closed through at least tuesday. we know that for a fact. there is an effort to reopen on wednesday but it's really what we see. what is the reality that will happen and what does four days of no trading in the united states mean for investors? bob pisani is with me along with cnbc contributor of "destination wealth management" and aaron hodges. what do you think the impact will be when trading does resume? you've got to believe certain people sitting on...
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Oct 31, 2012
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we spoke to u.s. senator frank lautenburg just a moment ago here on the shore and he said that the response of fema has been "top flight." that he thinks all politics has been put aside and that the first responders did their job. they saw past the bureaucracy and they came in to play as soon as possible. that's according to senator frank lautenberg. that's the latest from here, you guys. back to you. >> kayla tausche, thank you. stay safe. >>> a growing part of the storm story is that gasoline is getting hard to find in some areas. many gas stations are closed. in some cases the one that are open are seeing lines more than an hour long. with supply dwindling, it is not surprising gas price futures are soaring today. brian schactman is at a gas station on long island where actually they are getting refilled as we speak, brian. what have they told you about the difficulty in getting gas? >> the cavalry has arrived. my man carlos behind me is one of the most popular men in all of long island. owner of t
we spoke to u.s. senator frank lautenburg just a moment ago here on the shore and he said that the response of fema has been "top flight." that he thinks all politics has been put aside and that the first responders did their job. they saw past the bureaucracy and they came in to play as soon as possible. that's according to senator frank lautenberg. that's the latest from here, you guys. back to you. >> kayla tausche, thank you. stay safe. >>> a growing part of the...
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Oct 15, 2012
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we're focused in the u.s. and what people do, they buy an equity stake in the horses we buy, usually at auction. the way people can get in, they can come to our website, contact us, we'll see if we're a good fit for them f they're a good fit for us and we'll take the next step. >> it's not just, for example, taking a stake in one horse, which is a huge gampl. maybe a 20% stake in five horses to essentially even out some of the risks here. >> yeah, that's a great way to put it. our thought and our premise is, it's a lot better to own a 20% of five horses than it is 100% of a single horse. >> how much do i need? what's my minimum investment and how much can i expect to make on that in one year? >> well, the roi is tough. have you to get very lucky. they have to do very well at the top end of the market. but to get in, i always like to say, you know, if you look at a vacation to europe or a sports car, if you put those to the side and you look to get into the race horse business, you're in the same league. >> you
we're focused in the u.s. and what people do, they buy an equity stake in the horses we buy, usually at auction. the way people can get in, they can come to our website, contact us, we'll see if we're a good fit for them f they're a good fit for us and we'll take the next step. >> it's not just, for example, taking a stake in one horse, which is a huge gampl. maybe a 20% stake in five horses to essentially even out some of the risks here. >> yeah, that's a great way to put it. our...
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Oct 30, 2012
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white u.s. market remain closed in europe, european insurers and reinsurers trading on relief that the losses appear to be manageable when we are talking about insurance. morgan stanley estimates flood damage likely higher than wind and since the flood loss is likely to be absorbed by the government it further limits insurance loss totals. morgan stanley also says the initial insurance loss forecast at 5 to 10 billion within "tolerable range for reinsured". bernstein's research perhaps sums up sandy the best, early estimates a terrible catastrophe but manageable event. >> courtney reagan. thank you vet. big numbers. >>> if you think there have been more storms and just plain weird weather events the past few years it is not your imagination. look at this data. i got it this morning from reinsurance giant. these are weather-related events. storms. floods. fires. unpredictables. going back to the year 2000. the increase actually startling. if you go back to 1980, couldn't show it to you, even more
white u.s. market remain closed in europe, european insurers and reinsurers trading on relief that the losses appear to be manageable when we are talking about insurance. morgan stanley estimates flood damage likely higher than wind and since the flood loss is likely to be absorbed by the government it further limits insurance loss totals. morgan stanley also says the initial insurance loss forecast at 5 to 10 billion within "tolerable range for reinsured". bernstein's research...
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Oct 5, 2012
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>> right now the politicians in the u.s. and politicians in europe, combined with central bankers are my best friends, they keep printing more money, more money, more money, and as they do that, people move to gold, and the price of everything is increasing in u.s. dollar around the world. >> how is it that all of the gold miners we talked to, the getting it out of ground, the actual supply, so much hard than when we started the show seven years ago? >> a lot more competition, and a lot more things like truck tires, cost $30,000 for a tire, which used to cost $2,000 to $3,000 per tire. they are getting bigger and bigger and bigger means more complex, more problems. >> you're in a lot of countries. you're in brazil, in canada. is there gold -- other than antarcti antarctica, are there still gold mines that are worth it? if we went out to nevada -- would it be worth it? in mexico, a ton of gold mines that were closed because gold was $200. if we get to $2,000, will lots of mines open? >> the expiration right now, the gold mine
>> right now the politicians in the u.s. and politicians in europe, combined with central bankers are my best friends, they keep printing more money, more money, more money, and as they do that, people move to gold, and the price of everything is increasing in u.s. dollar around the world. >> how is it that all of the gold miners we talked to, the getting it out of ground, the actual supply, so much hard than when we started the show seven years ago? >> a lot more competition,...
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Oct 31, 2012
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direct edge handles 10% of u.s. stock volume and trades about 1 billion shares a day, all done electronically. joining me on the phone to talk about that is direct ed's ceo william o'brien. mr. o'brien good to have you on the program. thanks for joining us. >> thank you, maria. >> talk to us about the trading day today. you say there were no disruptions. >> no, i mean i think it's as fairly normal a day as you can expect under the circumstances. i am just so impressed with the preparation, the dedication and the professionalism not only of the direct edge team but the entire industry. it showed today in how smoothly trading was conducted. >> you handle 10% of u.s. stock volume. was it all systems go? >> it was. it was. now our headquarters are in jersey city so we have dedicated, what's called business continuity space to deal with circumstances like this so we operate two stock exchanges and we operate them completely out of our backup space in sicaucus, and from our member's perspective we didn't miss a beat. >> w
direct edge handles 10% of u.s. stock volume and trades about 1 billion shares a day, all done electronically. joining me on the phone to talk about that is direct ed's ceo william o'brien. mr. o'brien good to have you on the program. thanks for joining us. >> thank you, maria. >> talk to us about the trading day today. you say there were no disruptions. >> no, i mean i think it's as fairly normal a day as you can expect under the circumstances. i am just so impressed with the...
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Oct 25, 2012
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i know we're focused on it as is the rest of the u.s.-based airlines. we need a healthy u.s. airline industry in this country to drive that economy, to knock down that debt. >> for sure. good to have you on the program. >> i don't know if you have a flight to catch, but we're going to let you go. >> not tonight. i appreciate it. >> we're in the final stretch. 20 minutes before the closing bell sounds for the day. market flat that the hour just a fraction. >> don't fight the fed. our next guest says investors moving out of stocks are making a huge mistake. >> after the bell, full coverage of earnings from apple and amazon. we'll get instant analysis from investo investors. the numbers may well drive the numbers tomorrow. >>> first, before we go to break, the dividend. which company's stock with earnings out tomorrow morning is this year's outperformer? good year tire, merck, or newell rubbermaid. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your h
i know we're focused on it as is the rest of the u.s.-based airlines. we need a healthy u.s. airline industry in this country to drive that economy, to knock down that debt. >> for sure. good to have you on the program. >> i don't know if you have a flight to catch, but we're going to let you go. >> not tonight. i appreciate it. >> we're in the final stretch. 20 minutes before the closing bell sounds for the day. market flat that the hour just a fraction. >> don't...
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Oct 17, 2012
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this after the u.s. anti-doping agency released over a thousand pages of testimony against him last week. will the move hurt nike? your firm is invested in sports-related stocks. do you own nike? >> we don't, but it's a great company. >> any of you on this lance armstrong thing? >> probably they are being conservative about the brand and did the right thing if something is unknowable. >> i talked about it on "street signs," 2:00 to 3:00 p.m. eastern, great program. it's a hot topic. was nike smart to get away from it? >> there is zero upside to keep him on. why not let him go? nike won't sell an extra sneaker just because he have they have lance armstrong. it's unknown. move on. >> we have mike khouw with us. your view? >> i'm not in nike. i think they made the right choice, no question. the options market. some people came out. the active options for the 92 the.5 puts. this is the only decision they could make. we know enough to know they should keep their hands off. you can't have a company associated
this after the u.s. anti-doping agency released over a thousand pages of testimony against him last week. will the move hurt nike? your firm is invested in sports-related stocks. do you own nike? >> we don't, but it's a great company. >> any of you on this lance armstrong thing? >> probably they are being conservative about the brand and did the right thing if something is unknowable. >> i talked about it on "street signs," 2:00 to 3:00 p.m. eastern, great...
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Oct 29, 2012
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u.s. stock markets and with u.s. regulators, including the sec. and this is the first weather related shut down since hurricane fwlor i can't back in 1985. the cme group is running its urk of usual futures session from 6:00 p.m. to 9:15 a.m. eastern. you will be able to see the stock index futures throughout the morning. they are under pressure right now. cme will be shutting down trading after that time. so depending on the impact of the storm, it's possible the same scenario will be repeated this morning. three companies have canceled earnings reports. pfizer, nrg and entergy. the government still planning to release personal income and spending data at 8:30. >> the question is did they decide to shut down the electronic portion because the s sec and others said we don't know whether the system unto itself will work, or -- >> they did taest it back in march. >> and they were undetermine pressure in banks and companies saying we don't want to send people to work. it's one thing to say we
u.s. stock markets and with u.s. regulators, including the sec. and this is the first weather related shut down since hurricane fwlor i can't back in 1985. the cme group is running its urk of usual futures session from 6:00 p.m. to 9:15 a.m. eastern. you will be able to see the stock index futures throughout the morning. they are under pressure right now. cme will be shutting down trading after that time. so depending on the impact of the storm, it's possible the same scenario will be repeated...
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Oct 15, 2012
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and clearly both in the u.s. and in the eurozone, central bankers are saying, you know, we've done our bit. where are you, governments, with your fiscal measures? and that's what's needed. >> in terms of france, what do you make of the latest policy there in terms of rates, tax rates up to 735% on the highest earnings? is this appropriate? >> i'm afraid i'm going to disappoint you because i won't take up questions on france for obvious reasons. >> because it's your country? >> correct. >> it does seem a little aggressive from a policy standpoint, do you think we could see that kind of tax rates in other countries? i mean, this is a real debate. i understand you don't want to criticize or comment on something going on in france. but you have to be thinking about this. >> well, what we say is that, you know, deficit reductions come two ways. you reduce the public spending or you increase the revenue, meaning you increase the tax. our sense is that, and our studies actually show, that by reducing public spending, yo
and clearly both in the u.s. and in the eurozone, central bankers are saying, you know, we've done our bit. where are you, governments, with your fiscal measures? and that's what's needed. >> in terms of france, what do you make of the latest policy there in terms of rates, tax rates up to 735% on the highest earnings? is this appropriate? >> i'm afraid i'm going to disappoint you because i won't take up questions on france for obvious reasons. >> because it's your country?...
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Oct 22, 2012
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we have the opportunity to build thousands of restaurants in the u.s. the economics are the best in the restaurant industry. we expect to open up our restaurants, and within a few years generate returns of 60% or more on each and every new restaurant. we've just begun in europe. we planted a few growth seeds there. those are off to a nice start. and we just opened up our first shop has been open for about a year. we're going to open up a second one in d.c. going to open up our first shop restaurant outside d.c. and los angeles. so we feel like our future is very, very bright. there are some short-term challenges for sure. but even with our comp, which is a disappointment for some or most in the third quarter at 4.8%, we think in this economy that's probably going to be among the leaders in terms of restaurant companies generating a comp. >> what do you think is the tie-in between the economic uncertainty that you reference in the conference call and the food itself? say $9, $9.50 for a lunch. we've got on the set the 5 taco bell and the $7 chipotle. the
we have the opportunity to build thousands of restaurants in the u.s. the economics are the best in the restaurant industry. we expect to open up our restaurants, and within a few years generate returns of 60% or more on each and every new restaurant. we've just begun in europe. we planted a few growth seeds there. those are off to a nice start. and we just opened up our first shop has been open for about a year. we're going to open up a second one in d.c. going to open up our first shop...
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Oct 16, 2012
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fears and concerns about u.s.'s willingness to confront its debt and deficit problems, fears over inflation and misallocation of assets. so we could see either of those developments. it's really up to policymakers, not just the federal reserve alone, to really drive our way through this period. as bob and i talked about with our colleagues on europe this morning, there is a window of opportunity. if it is seized, we will all end up in a better place. if we rely on markets to give us the signal, then moorarkets wil prove to be very come plcomplac. >> gentlemen, thanks for your time today. thank you very much. >> glad to be with you. >> thanks so much. >> heading toward the close, 25 minutes left. the dow plateauing. keep using that word. >> we are all over this story behind vikram pandit's resignation from citigroup. someone here says good riddance. why he says citi is much better off without pandit. plus, more details of my conversation with pandit. >> and a conference call now ske scheduled in the wake of all this
fears and concerns about u.s.'s willingness to confront its debt and deficit problems, fears over inflation and misallocation of assets. so we could see either of those developments. it's really up to policymakers, not just the federal reserve alone, to really drive our way through this period. as bob and i talked about with our colleagues on europe this morning, there is a window of opportunity. if it is seized, we will all end up in a better place. if we rely on markets to give us the signal,...
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Oct 29, 2012
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today the east coast refiners are accountable for 6.6% of total gasoline production here in the u.s., but keep in mind as storms keep the people off the street, demand for gasoline goes down. lebeau and associates say demand could be down about 1.5 billion barrels, even, if the refineries get up and running or production should be down by 1.5 million barrels provided the refineries aren't damaged, and they can't get up and running. la lastly, most notably colonial is shutting down its pipeline, again, because of damage from the storm. >> we're having trouble with mary's shot as you can tell. taking a lot of hits to mary's shot. thanks so much, mary. we'll dip into our sister network, the new york affiliate for the nbc family. they are covering some of the damage that we're seeing in the new york city area. take a listen. >> a partial crane collapse to where we are now which is 14th street and eighth avenue. the winds have picked up dramatically. i literally could not stand in the sidewalk. there is -- there are pieces of metal from the front of buildings flying through the street. it'
today the east coast refiners are accountable for 6.6% of total gasoline production here in the u.s., but keep in mind as storms keep the people off the street, demand for gasoline goes down. lebeau and associates say demand could be down about 1.5 billion barrels, even, if the refineries get up and running or production should be down by 1.5 million barrels provided the refineries aren't damaged, and they can't get up and running. la lastly, most notably colonial is shutting down its pipeline,...
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Oct 12, 2012
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u.s. government has issued at least a couple of new licenses to export american crude. a practice generally prohibited under the law with a few exceptions -- to canada. for decades the u.s. has banned nearly all exports of american crude with just a few things where you can do it. -- when you're putting it by rail over the border into canada, when you're shipping it to canada. as a result, the proportion of u.s. crude that's exported is a pittance, less than 100,000 barrels per day compared to the 9 million that we import. but now it appears that several international oil companies -- bp, shell and vitale as well, will soon export to canada. at least one other foreign oil traders was granted to license last year and i'm told there may be more to come. the desire to export more crude is a direct result of the oil rush occurring at home where imports have fallen 33% in recent years. if the ban on crude exports is relaxed, it could be a very bullish for wti crude prices which have sagged this
u.s. government has issued at least a couple of new licenses to export american crude. a practice generally prohibited under the law with a few exceptions -- to canada. for decades the u.s. has banned nearly all exports of american crude with just a few things where you can do it. -- when you're putting it by rail over the border into canada, when you're shipping it to canada. as a result, the proportion of u.s. crude that's exported is a pittance, less than 100,000 barrels per day compared to...
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Oct 19, 2012
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in four years you should the obama administration policy the u.s. has gone to laggard to leader. >> you're saying if you have to have a problem, this is a good one to have. >> indeed. >> we have a seen sprint do some deals. they're buying clearwire. is that the way, absent of the auctions, in your opinion, that companies are going to be able to get spectrum bandwith absent of the creation of new bandwidth? >> the main thing we have to do is free up new spectrum to mobile broadband. we are doing that through creative ideas. secondary market transactions are part of the mix. i can't comment on any specific transaction -- >> of course. >> -- but we need to do everything to drive more efficiency out of our spectrum band to see more technological advances. >> technology has been such an interesting part of the economy and the sell-offs that we've seen in the last couple of days aside, it seems to also highlight the two tiers that we have in the economy, the older economy, the manufacturing base of the economy, and the technology based economy. give me yo
in four years you should the obama administration policy the u.s. has gone to laggard to leader. >> you're saying if you have to have a problem, this is a good one to have. >> indeed. >> we have a seen sprint do some deals. they're buying clearwire. is that the way, absent of the auctions, in your opinion, that companies are going to be able to get spectrum bandwith absent of the creation of new bandwidth? >> the main thing we have to do is free up new spectrum to mobile...
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Oct 2, 2012
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the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively befor
the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether...
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Oct 31, 2012
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u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availability of electricity to run the traffic lights, pump the gasoline, is now prime need. 6.1 million utility customers are still without power. individuals and businesses alike. >> public transportation slowly coming back online. some subway services in the city, some commuter lines in new jersey, westchester, and long island will run tomorrow. >> commuters coming into the city by car must have three people in each car after 6:00 a.m. >> and the airports are opening, but it's difficult to get there. delta, a key operator in the northeast hopes to start flights from laguardia tomorrow. >> the rebuilding does begin, but problems persist. let's get right to our team coverag
u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availability of electricity to run the traffic lights, pump the gasoline, is now prime need. 6.1 million utility customers are still...
205
205
Oct 25, 2012
10/12
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the u.s. treasury yield. an interesting driver of dollar, people focus on the rate differentials between u.s. and japan. that's up to 1.8%. we're near the high end of the range on ten-year-year-olds. after the election we get a little bit of chance, people pulling back on equity positions a bit. squaring things up. that should support, push down the yields. i think that could give you a little bit of entry levels in trades. >> again, if you're already short yen, hang on to it into the meeting, if you're not, try to get that poll back if we can. if you see dollar-yen down to technical support around 50, i would feel better moving back to a trade at those levels. and a stock, just under 79, around 78-80. >> i have a question of a coral larry trade, we saw gold bounce back seven-weeks low. would you be -- would the extension of this trade be that you would not be inclined to be long gold into the october 30th meeting? >> i have been, i continue to be a believer that gold is a buy on dips. it's been a hard short-
the u.s. treasury yield. an interesting driver of dollar, people focus on the rate differentials between u.s. and japan. that's up to 1.8%. we're near the high end of the range on ten-year-year-olds. after the election we get a little bit of chance, people pulling back on equity positions a bit. squaring things up. that should support, push down the yields. i think that could give you a little bit of entry levels in trades. >> again, if you're already short yen, hang on to it into the...
252
252
Oct 30, 2012
10/12
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i think there will be some bid underneath the u.s. mark as well. volume will be the real question. i think there will be a lot of pent-up demand to trade. there's a lot of ipos that were delayed. i think there were six that were supposed to come this week. over $3 billion of commercial mortgage-backed securities that were ready to come this week. i think it was a real pent-up amount of supply ready to hit the market. i think the demand will be there. really, we just pushed this out a little bit. >> that's a great point. anton, what about the end of the month situation? the fact that we are at the end of the month. we typically see positioning in terms of portfolios because of the end of the month. how does that play into things? what are you expecting? >> yeah, i think that people haven't had a chance to rebalance. you've really had a couple of days taken out of, you know, people's game plans. everyone's looking at their portfolios last week saying what do i want to do next week in terms of positioning. i do expect quite a bit of volume. since we've had a good day if europe today,
i think there will be some bid underneath the u.s. mark as well. volume will be the real question. i think there will be a lot of pent-up demand to trade. there's a lot of ipos that were delayed. i think there were six that were supposed to come this week. over $3 billion of commercial mortgage-backed securities that were ready to come this week. i think it was a real pent-up amount of supply ready to hit the market. i think the demand will be there. really, we just pushed this out a little...
100
100
Oct 26, 2012
10/12
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when the europeans said the u.s. couldn't find woodworkers as good and europe, they found them in ohio. this boat was an extraordinary experiment and it worked well. now that it is done, it is for sale. let's find out from the seller. >> it would be someone who appreciates top quality, who appreciates the interior work. the inteen yore of this boat is exceptional. >> reporter: the sale price for this boat is $195 million. but what's exciting is that once "cakewalk" showed what it could show, proved what it can prove, that americans can do it, too, more and more boat owners are asking that their boats be made in the usa. more of these boats could have the "made in usa" stamp in the next few years. back to you. is there robert, hopefully a nice american made billionaire will anteup up that $195 billi. >> let's hope you can change the name if you buy it though, sue. >>> if you really want to know the health of the economy you should just ignore earnings reports and pay more attention to the consumer, say some. as we hea
when the europeans said the u.s. couldn't find woodworkers as good and europe, they found them in ohio. this boat was an extraordinary experiment and it worked well. now that it is done, it is for sale. let's find out from the seller. >> it would be someone who appreciates top quality, who appreciates the interior work. the inteen yore of this boat is exceptional. >> reporter: the sale price for this boat is $195 million. but what's exciting is that once "cakewalk" showed...
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187
Oct 18, 2012
10/12
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. >> what gives them the confidence that they can push the u.s. around. where do they get that notion? >> the president of the united states since 2009 has pushed aside all of our relationships in the region, iraq, afghanistan, israel, in order to get a -- with iran, iran knows that the president is dependent on that deal if it's happening in order to very much make himself a success as president. whether he wins or not. whether he wins or not, he's looking for a peace deal. >> let's come back to the states, peter king on this show last night said that ahmadinejad has never been stronger domestically here as well as overseas. do you think we're going to get bombings and cyber attacks, as you know, 9/11, hitting the world trade center was in fact hitting a target of the financial -- >> al qaeda follows up it victories. >> and so this kid who tried to bomb the federal reserve bank, you think there's more of that come ing. >>> they're called lone wolf operations, we have seen it before, it's common place. al qaeda believes it is winning and therefore
. >> what gives them the confidence that they can push the u.s. around. where do they get that notion? >> the president of the united states since 2009 has pushed aside all of our relationships in the region, iraq, afghanistan, israel, in order to get a -- with iran, iran knows that the president is dependent on that deal if it's happening in order to very much make himself a success as president. whether he wins or not. whether he wins or not, he's looking for a peace deal....
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214
Oct 16, 2012
10/12
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u.s. election. >>> plus top oil producers forge ahead with ambitious output targets banking on stronger chinese demand. >>> and president obama and mitt romney are set for round two of their presidential debates tonight with the task of winning over undecided u.s. voters. >>> we start to get the into the meat of the week. advancers outpacing decliners by a little more than 6:3. yesterday ftse was up 0.2%, dax up 0.4%. this morning another third percent gains for the ftse 100. c 40 up 0.4%. ibex up about 1.10%. s&p putting a negative outlook on biggest spanish banks. let's show you where we stand. not impacted on the stocks. as far as bond issues are concerned, we have a t-bill auction coming out today in spain. we'll get the results of that in about an hour. 5.82%. spanish yields slightly higher than where we were yesterday. italy is fairly contained. the big test for spain will be on thursday. first time we've had a primary debt auction out of spain since the s&p downgrade last week. we'l
u.s. election. >>> plus top oil producers forge ahead with ambitious output targets banking on stronger chinese demand. >>> and president obama and mitt romney are set for round two of their presidential debates tonight with the task of winning over undecided u.s. voters. >>> we start to get the into the meat of the week. advancers outpacing decliners by a little more than 6:3. yesterday ftse was up 0.2%, dax up 0.4%. this morning another third percent gains for the...